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One of the key motives of the crypto scene is the recurrent claim that the spread of crypto-currencies and the associated decentralization of the financial sphere will help the world’s poor and underpriviledged.1 The reality, however, is that decentralization is promoted and practiced only if it promises to provide a

MoneyLab is a network of artists, activists, and geeks experimenting with forms of financial democratization. Entering the 10th year of the global financial crisis, it still remains a difficult yet crucial task to distinguish old wine from its fancy new bottles. The MoneyLab network questions persistent beliefs, from Calvinist austerity, ...

According to the traditional definition, a currency has three main properties: (i) it serves as a medium of exchange, (ii) it is used as a unit of account and (iii) it allows to store value. Along economic history, monies were related to political power. In the beginning, coins were minted

24/7 metric and algorithmic governance are important features characteristic of automated and financialised capital that Jonathan Cray and Berns/ Rouvrey understand also as a new kind of technological performativity. In his book “Social Media Abyss” Geert Lovink – founding director of the Institute of Network Cultures in Amsterdam – speaks ...